North American Company for Life and Health Insurance® (North American), a member company of Sammons Financial Group and one of the largest issuers of fixed index annuities (FIAs) in the U.S., has joined forces with Annexus, a premier independent designer of FIAs, to launch two new innovative solutions. North American Secure Horizon is a highly competitive accumulation FIA in today's low-interest environment, while North American Secure Horizon Plus is designed to help clients address four of the major risks they can face in retirement.
The North American Secure HorizonSM suite of FIAs features index account options including the BlackRock ESG US 5% Index ER from the world's largest asset management firm BlackRock, the exclusive Loomis Sayles Managed Futures Index, and the S&P 500® Low Volatility 5% ER Index. It also features an innovative first-to-market Performance Strategy Ladder that is designed to provide greater growth opportunities.
"Annexus approached us with an FIA design that offers a unique and highly competitive accumulation opportunity for clients. The suite offers a first-of-its-kind rider that provides a benefit if one of four common life events is triggered. Those four events include death, impaired health, potential cuts to Social Security benefits, or simply outliving your money," said Rob TeKolste, president, Sammons Independent Annuity Group. "Most products in market today only address one of these four risks. We believe the Secure HorizonSM suite of FIAs is very attractive to financial professionals and their clients."
"The Social Security Administration projected that by 2033, the payroll taxes collected will be enough to pay only about 76 percent of scheduled benefits," said Don Dady, Annexus Co-founder. "We believe there is a critical planning opportunity for financial professionals without a viable solution in the market, so we created one. We partnered with North American and PlanGap to bring a first-of-its-kind benefit to help address the risk of a future cut in Social Security benefits."
North American Secure HorizonSM Plus is specifically designed to help address the primary risks clients may face in retirement – death, health impairment, longevity, and the possible reductions in benefits that the Social Security Administration projected may occur starting in 2033. In addition to a Social Security reduction-triggered benefit, it features a two-of-six activities of daily living (ADL) benefit. *
Advisors, Registered Investment Advisors (RIAs), and insurance professionals seeking access to these products should contact their Annexus-affiliated Independent Distribution Company. If you are a consumer interested in learning about Secure Horizons, ask your financial professional for more information.
*Only one benefit may be elected under the rider. Once a benefit is elected, no other benefits are available. The rider includes an additional fee.
About North American Company for Life and Health Insurance
North American Company for Life and Health Insurance® is a member of Sammons® Financial Group, Inc. Since 1886, North American has established a tradition of providing quality insurance products to consumers throughout the U.S. We offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products. North American also offers a wide variety of traditional fixed and fixed index annuities and consistently ranks among the top fixed index annuity carriers in the U.S. For more information, please visit here.
Annexus designs solutions to help Americans grow and protect their retirement savings. For over a decade, Annexus has developed market-leading fixed index annuities and indexed universal life insurance products. Annexus has forged relationships with many of the industry's leading insurance carriers and the world's largest investment banks. Find out more about Annexus and its products at www.annexus.com.
Headquartered in Atlanta and founded in 2017, PlanGap is a product innovation company creating a suite of "trigger-based" annuity and life insurance products – retirement insurance – that solve previously unaddressed financial concerns for retirees. PlanGap, through its insurance carrier and distribution partners, empowers people to protect themselves against disruptions to their retirement income, providing solutions for those worried that institutions have made retirement promises they cannot, or will not, keep. Visit plangap.com for more information.